Use the information to answer the given question.
D | |
Opening stock: raw materials | 10,000 |
work-in-progress | 16,000 |
Purchases of raw materials | 95,000 |
Direct labour wages paid | 13,500 |
Royalties paid | 6,200 |
Accrued wages | 2,800 |
Closing stock: raw materials | 7,500 |
work in progress | 8,500 |
Manufacturing overhead | 10,000 |
Prime cost is?
A. D120,500
B. 117,700
C. D114,900
D. D114,300
Correct Answer: Option B
B. 117,700